Short Interest in Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) Increases By 405.7%

Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 65,164 shares, a growth of 405.7% from the August 15th total of 12,885 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 66,724 shares, the days-to-cover ratio is presently 1.0 days.

Dimensional California Municipal Bond ETF Price Performance

Shares of Dimensional California Municipal Bond ETF stock traded up $0.06 during mid-day trading on Friday, reaching $48.77. 35,803 shares of the stock traded hands, compared to its average volume of 64,863. Dimensional California Municipal Bond ETF has a fifty-two week low of $48.66 and a fifty-two week high of $50.78. The business has a 50-day moving average of $49.60 and a 200 day moving average of $49.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Dimensional California Municipal Bond ETF by 704.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,909 shares of the company’s stock valued at $685,000 after purchasing an additional 12,179 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Dimensional California Municipal Bond ETF by 73.3% during the second quarter. Jane Street Group LLC now owns 50,415 shares of the company’s stock worth $2,484,000 after purchasing an additional 21,325 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Dimensional California Municipal Bond ETF in the 2nd quarter worth $791,000. One Capital Management LLC boosted its holdings in Dimensional California Municipal Bond ETF by 51.6% in the 3rd quarter. One Capital Management LLC now owns 46,995 shares of the company’s stock valued at $2,342,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Dimensional California Municipal Bond ETF during the 3rd quarter worth approximately $2,277,000.

Dimensional California Municipal Bond ETF Company Profile

The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.